Can my transaction be canceled or reversed?

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The Bitcoin network is seriously clogged now, I have had many problems with transactions and maybe you too, if you've set a low fee, it can be stuck in limbo for up to 1 week before being rejected. But I have quickly figured out how to solve this issue if you have unconfirmed transactions for a long time. Now the RBF should be straightforward, but not all wallets support it, so I am going to show you the hard and long way to fix it, by teaching you how cancel unconfirmed transaction bitcoin double-spend cancel unconfirmed transaction bitcoin transaction.

The address and wallet shown below is not mine and it's not associated with me at all. I have just picked a random Bitcoin address with an unconfirmed transaction from the memory pool. I have picked a random wallet, and named it RANDOM, it's watch only, but you get the idea, this should be your wallet with an unconfirmed transaction in it.

I will demonstrate here how to fix that unconfirmed transaction. You can fix multiple unconfirmed ones too, just by repeating this procedure. We have 1 unconfirmed transaction here, and we need to get rid of it, so here is what you will do:. Disconnect the Internet, because we will remove this transaction from the wallet, it's unconfirmed so don't worry.

Don't cancel unconfirmed transaction bitcoin the Internet, because it will re-download it, cancel unconfirmed transaction bitcoin you have to start all over again. Copy the hash of the transaction, by right clicking on it and copy.

It should be a SHA hash, the one used in this demonstration is: Open cancel unconfirmed transaction bitcoin wallet file with a text editor. The format of the wallet is JSONso it should be easy to cancel unconfirmed transaction bitcoin if you are familiar with it.

It should appear 4 times, in different places, you need to delete cancel unconfirmed transaction bitcoin, but carefully to keep the JSON syntax intact, so I have highlighted what you need to delete, it should be different for you, but you will get the idea, it should be everything that is highlighted:. This is the transaction data section, the TX hash and right below the data should be deleted, as highlighted above.

Now, start your Internet, and create a fresh electrum wallet. You have to make a new one to broadcast it, because the other one will get updated as soon as you go online, and it doesn't let us send this way, so you should make a new wallet, but it's just a dummy wallet. Open the dummy wallet, and load your saved transaction from file. Then just click on the Broadcast button, and you are done!

That's it, you are done now, your previous unconfirmed transaction will be cancelled, and it will be overwritten by this new one we created, and with a proper fee, it should get confirmed in no-time! It should cancel in hours if it doesnt go through, but if a node re-broadcasts it accidentally or maliciously, then it can be stuck FOREVER. I have had my TX stuck for 48 hours, and then some jackass rebroadcasted it, and it was in limbo for more than 72 hours, before I figured out cancel unconfirmed transaction bitcoin method and successfully recovered my money with a double spend.

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If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment. I was able to follow along and created a dummy wallet but when I hit broadcast I received an error "error: The transaction was rejected by network rules. Does the pay to field in cancel unconfirmed transaction bitcoin need to be set to the same exact address as the original transaction that had too small a cancel unconfirmed transaction bitcoin I did change the address in my example so perhaps that caused the issue?

Cancel unconfirmed transaction bitcoin in electrum 2. Might have to remove the 5 command line but as Im not sure what part and not, cancel unconfirmed transaction bitcoin some additional shuffling.

I have 3 transactions unconfirmed now for over 2 days. I am kinda freaking out. Makes no sense there is a backdoor method and not frontdoor. Until a transact actually confirms we could have more EDIT control.

I cancel unconfirmed transaction bitcoin using a coinomi wallet , not sure how to do this with that. With the RBF you have to enable that flag when sending the transaction, usually enabled by default, so you can replace the TX with a new one.

Otherwise you can use the other methid in which a 2nd transation is sent that increases the cumulative fee for the first one. I did the whole thing but My Electrum wallet still on Watching only mode.

Cancel unconfirmed transaction bitcoin sweeped the PRivate Key but still stuck on that mode. Otherwise I've changed the wallet and deleted those related with my stuck transaction. What's the problem with it? RBF Replace by fee Transactionif it's supported by your wallet Double-Spend the transaction and put a higher fee manually Now the RBF should be straightforward, but not all wallets support it, so I am going to show you the hard and long way to fix it, by teaching you how to double-spend a transaction.

Don't use the double-spend for chargeback scams! You should only use it to fix your limbo unconfirmed transactions as a last resort! Double Cancel unconfirmed transaction bitcoin First of cancel unconfirmed transaction bitcoin you will need Electrum Wallet, because it's easier to edit and configure, so download it, and verify the download signature: We have 1 unconfirmed transaction here, and we need to get rid of it, so here is what you will do: It should appear 4 times, in different places, you need cancel unconfirmed transaction bitcoin delete them, but carefully to keep the JSON syntax intact, so I have highlighted what you need to delete, it should be different for you, but you will get the idea, it should be everything that is highlighted: Now open the wallet you should cancel unconfirmed transaction bitcoin be offlineand check it it loads.

If it loads then you did a good job. If it doesn't load then you restore the backup and do it again because you probably deleted something that you should have not. The unconfirmed transaction should no longer be there, so that now we can spend it again! Re-create the transaction, but this time put a higher fee: Authors get paid when people like you upvote their post.

So this is a last resort procedure to recover your money. What wallet is working well? Thanks, check out my other articles, all cancel unconfirmed transaction bitcoin them are useful imo. How long does this process take? I was having the same problem. Since I posted this article they have added 2 "rescue" methods: Child pays for parent Replace by fee With the RBF you have to enable that flag when sending the transaction, usually enabled by default, so you can replace the TX with a new one.

Look into them and see if your wallet can process that: Thanks child pays for parent worked with heavy fees.

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It seems now the transaction cannot even be seen any more on any of the major explorers, almost as if nothing has happened. Resend the transaction with a higher fee. That's not possible, unfortunately. Just install the official Bitcoin Core wallet, copy over your wallet. Just install the official Bitcoin Core wallet,. The bitcoin transaction will be confirmed eventually.

Right now there's k unconfirmed transactions on the BTC blockchain so the miners are only picking to confirm transactions with the highest fees. During the weekend unconfirmed transaction drops quite a bit so I'd wait a few more days.

After a few days if it doesn't go through it will be cleared from the mempool and you can resend with higher fees. So transactions can get stuck in limbo forever?

It happened to me before someone sent me some BTC with low fees and it took days to be confirmed So you can only wait.

Its been a week so far for me. I'll wait till Monday. About a 3rd of the average. If that doesnt work, i'll try an accelerator, and if that doesnt work, I'll try and export my wallet to BitCoin Core.

I had 2 unconfirmed transactions for a week. The transaction cancelled on it's own and i have the money with me still. I believe the default fee for multibit is 0. Right now, the recommended fee is 0. It takes about two weeks for a transaction to get bumped out of the mempool, so you might still have to wait a couple more days.

Why has the transaction fee gone up so much these days? I remembered in when I sent a few mBTC with 0. Now the fee is over 10x higher, but the speed is over 10x slower. It's because there are k unconfirmed transactions waiting to be confirmed. Transactions with the highest fee will most likely go first, and the lowest ones have to wait. Fundamental weakness in the BTC system. BTC can only handle around transactions per block. So its neither fast, nor cheap. It can be fast if you pay a lot for mining fees.

Bitcoin has been throwing around the idea of segwit and lightening network recently to handle more transactions but a large group of ASIC miners are preventing this from happening. The idea is that they want these high transaction fees to get more money.

Still gotta wait at least 10 mins. If you need 3 cobfirmations, thats 30 mins. Thats as fast as it geta right now. Managed to get in on the accelerator service and 8 hours later, my coins have 1 confirmation. Just gotta wait for a few more confirmations and then I'm golden! Community Rules Rules for selling Need help? It looks like you're new here.

If you want to get involved, click one of these buttons! Categories All Categories May in Help. Anyone know how to undo the transaction given it cannot be seen on the network at all? Funds not accessible while the transaction is still 'pending'. May edited May Just install the official Bitcoin Core wallet, sounds easy, but i suspect not. If your fee was above 10k satoshi, then accelerate via ViaBTC. Programs must be written for people to read, and only incidentally for machines to execute.

Probably due to the surge in Bitcoin trade lately. Which wallet do you use? Same as my case, i have more than 3 days, but status still not confirmed. Thanked by 1 muratai. I'm assuming it's related to the huge spikes in price as of late. Sign In or Register to comment.